In a report released yesterday, Carlo Maritano from Intermonte maintained a Buy rating on Abitare In SpA, with a price target of €5.90.
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Carlo Maritano has given his Buy rating due to a combination of factors influencing Abitare In SpA’s performance. Despite challenges in the urban planning environment in Milan, the company has shown a significant increase in revenues, rising from €34.0 million in the first half of 2024 to €63.7 million in the same period of 2025. This growth is primarily driven by property sales and changes in inventory related to new real estate developments.
Maritano acknowledges the complexities of the current regulatory environment, which have delayed new projects. However, recent regulatory changes are expected to provide more stability and clarity for future planning. The potential resolution of these bureaucratic hurdles could unlock significant value, allowing the commencement of projects worth approximately €300 million. Although there is an increase in execution risk reflected in a reduced target price, the underlying value of the company remains strong, justifying the Buy rating.
Maritano covers the Industrials sector, focusing on stocks such as Avio S.p.A., Elica S.p.A., and EMAK SPA. According to TipRanks, Maritano has an average return of 23.9% and a 75.00% success rate on recommended stocks.